When the government taxes income as part of a redistribution program,
a. the poor pay higher taxes.
b. the rich always benefit more than the poor.
c. the poor are encouraged to work.
d. incentives to earn income are diminished.
d
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On January 1, Rick's Photo owned $50,000 of equipment. During the year, the value of the equipment fell by $10,000, plus Rick bought $25,000 in new equipment. Rick's company experienced ________ because ________
A) depreciation of $15,000; depreciation equals investment in new products minus loss in values B) gross investment of $40,000; gross investment equals net investment plus depreciation C) net investment of $15,000; net investment equals gross investment minus depreciation D) gross investment of $15,000; gross investment equals net investment minus depreciation E) net investment of $15,000; net investment equals beginning year financial capital minus depreciations and investment
Which of the following is most likely the most beneficial form of monopoly advantage?
A) better production methods B) input hoarding C) decreasing returns to scale D) government protection